I heard they are also accepting iTunes gift cards.
this post was submitted on 09 Apr 2026
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Bitcoin finely found a use case that's not crime. Take that crypto haters.
Technically it still is a crime since charging money for access to navigable waters is a violation of international law.
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Honestly, the biggest mistake they've made here is that they're not demanding Monero instead.
It's easier for people to get Bitcoin, Iran could deal with the cleaning / mixing themselves after. This is already going to create friction so keeping it lower might help?
It's all about whether Binance lets them cash out or not, but mixing within BRICS is sure to make it clean enough, as Binance getting/keeping sovereign clients is good for Binance, and not worth appeasing US BS to turn it away.
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Bitcoin is for dodging sanctions and the influence America has over the international banking and payment systems. It's also may shield third parties from sanctions the US may impose on those who transact with Iran.
Reminder that bitcoin is not now nor has it ever been anonymous.
Neither is a bank account though either. And one is sanction proof, the other isn't.
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It also means that if there's a secondary deal trump's Bitcoin account get it's cut right after Iran takes theirs
I'm surprised Elon didn't convince them to take the payments in Dogecoin....
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People who say that crypto has no application are just thinking inside the imperial bubble.
Nobody doubts that ransom is an application for crypto.
protection money, highway robbery
But there are very good reasons why Bitcoin is very far from mass adoption as an actual currency.
The problem is the volatility. It would destroy most people.
It's ok because the binance CEO guy purchased a pardon in helping Iran laundering their BTC
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Did they give up using the yuan?
They're doing both.
How could that work? Doesn't it take some time for a bitcoin transaction to get pulled into the chain?
Layer 2 networks like the lightning network operated in the milliseconds time frame.
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A couple minutes?
Yeah, and the article says the shippers are given a couple of seconds to pay in bitcoin.
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At the size of transactions they'd be doing, it'd probably be worth it to set a high fee so that it gets picked up and processed faster. Should still be peanuts compared to the value of cargo these tankers are carrying
It takes 10 minutes to get a single confirmation, but I'm assuming that it takes more than 10 minutes for a ship to transit this waterway, so it wouldn't matter.
I don't imagine trying to trick Iran out of their money is a particularly good long-term strategy anyway. Nothing unless you're going to turn up in a new ship every time.
The ships can wait, I guess.
I remember Trump was experimenting with some *coin. He should try to convince ayatollas to use it instead of Bitcoin.
Haha Trump Coin and Trump retarded model wife coin. Good one.
Comparing his scamcoin to bitcoin is like comparing Flooz to a Visa gift card.
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I'd absolutely use crypto if it was more available in anything I'd want to pay for. So far it's mostly just VPNs and donations
People tried that, it failed. It's too volatile.
It's basically a way for people to think they are being sneaky and shit when it's all trackable anyways.
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